Gold sharply surges and breaks through $4,550; silver rises 5%. Iranian media: The U.S. attacks Iran’s nuclear facilities

GateUser-bd883c58 · 2026-04-05T09:24:22+00:00

Geopolitical risks are intensifying, driving precious metal prices higher. Spot gold has surpassed $4,550, and silver has risen to $71. Meanwhile, international crude oil prices continue to climb, with Goldman Sachs raising its energy price forecasts, expecting further increases in the future. The escalation of conflicts between the US and Iran has increased market risks.

GateUser-bd883c58

2026-04-05 09:24:22

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Ask AI · How do geopolitical risks drive a surge in precious metal prices?

Reporter丨Jin Shan

Editor丨Li Yutong

On the evening of March 27, gold and silver surged sharply in the short term. Spot gold broke upward past $4,550, with the latest at $4,543.9 per ounce; spot silver moved above $71 per ounce, with the gain widening to 5%.

International crude oil futures continued to rise. U.S. oil was up nearly 4%, at $98 per barrel, while Brent rose 1.8%, with the latest at $103 per barrel. In its latest research report, Goldman Sachs revised its energy price forecasts upward, expecting that over the remainder of 2026, crude oil prices will rise by more than 20%, natural gas prices will rise by more than 30%, and risks will still be tilted to the upside. See more>>

Tonight, U.S. stocks opened lower and then fell further. The Dow briefly dropped by nearly 500 points intraday. See more>>

According to the latest news cited by Xinhua News Agency from Iranian media, Israel and the U.S. attacked Iran’s Hovdahab nuclear facility, which houses a heavy-water reactor.

According to a report by Caixin Global, former White House economist Nouriel Roubini predicted that U.S. President Donald Trump is more likely to escalate the war against Iran in order to achieve victory, rather than back down and take on the risks of even more severe consequences for the economy and international order. He said the probability of escalation is over 50%. He also mentioned that the leadership of the Federal Reserve is about to change. “A new Federal Reserve chair cannot possibly destroy their own reputation at the very beginning of their term,” so there may be no choice but to raise interest rates.

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(Statement: The article content is for reference only and does not constitute investment advice. Investors act on it at their own risk.)

Produced by丨21 Finance Client; 21st Century Business Herald

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